Question
For several years Orbon Co., Inc has followed a policy of paying out cash dividends of 0.52 per share and having a 7% stock dividend
For several years Orbon Co., Inc has followed a policy of paying out cash dividends of 0.52 per share and having a 7% stock dividend in the 2017 annual repot, Orbon reported restated earnings per share for 2015 of 0.94.
A.) Calculate the originally reported earnings per share for 2015. (Do not round intermediate calculations) Round your answer 3 decimal places.
B.) Calculate restated cash dividends per share for 2015 reported in 2017 annual report for comparitive purposes. (Do not round intermediate calculations) Round your answer 3 decimal places.
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